Obama's Big Mistake Was Not Going After Wall Street

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Frank Rich published this lengthy article (via Manan Shukla) on Obama's political problems in the NYT Magazine. He believes that Obama let the GOP capture the populist unrest over the Wall Street bailout. He thinks that the nation was ready for the president to capture this energy by punishing the bankers who brought the global economy to its knees. Instead, he was influenced by those with Wall Street connections in his administration to focus on preserving the banking system rather than restructuring it. He will continue to pay the price for this decision according to Rich.